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Highly adaptable Dochian Channel Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=19839
Forum: 31 · Topic 19839 · 29 post(s)
Highly adaptable Dochian Channel Strategy
Apprentice · Mon Jun 04, 2012 2:11 pm
Highly adaptable Dochian Channel Strategy.lua
Make sure to downlaod, DNC_V3.lua indicator, You can find it here. viewtopic.php?f=17&t=20&hilit=Dochian+Channel+Indicator
The Strategy was revised and updated on December 18, 2018.
Re: Highly adaptable Dochian Channel Strategy
69TomD · Fri Feb 08, 2013 1:10 pm
Hello everyone, can’t make it working. Backtested USD CHF 4H, trading allowed, non FIFO with hedging, still have a balance and equity flat line, no signals, no nothing. Could be wrong account type? Anybody has an idea? Thanks for advice
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Sun Feb 10, 2013 6:07 am
By default, strategy do not do anything. You have to choose desired action.
Re: Highly adaptable Dochian Channel Strategy
69TomD · Tue Feb 12, 2013 2:41 am
Don’t get any signals on top and bottom line crosses. only central line. I Don’t use sub levels.
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Tue Feb 12, 2013 1:46 pm
Can you post your Strategy Parameters here, use screen capture.
Re: Highly adaptable Dochian Channel Strategy
69TomD · Wed Feb 13, 2013 12:19 am
I don’t know how to take print screen and insert a pic in Win7
Bid H4 50 High/low Buy [Top line cross over - is it the long breakout? ] no action no action Sell [ Bottom line cross under - Short breakout? ] 6 x no action direct side Both no multiple 1 lot yes limit 30 yes stop order 30
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Wed Feb 13, 2013 5:23 am
Unfortunately this is normal. Dochian Channel will give you a high / low value of past N periods, Including the last period. So, for price, it is impossible, in this implementation, to cross, top / bottom line.
Re: Highly adaptable Dochian Channel Strategy
69TomD · Wed Feb 20, 2013 2:05 am
What are those first four parameters for [top/bottom line cross over/under]? Could you possibly recode this strategy so that we can use it on tick breakout?
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Wed Feb 20, 2013 5:54 am
In theory yes. If i do not use last (current) period in the calculation.
Re: Highly adaptable Dochian Channel Strategy
LearningForex · Fri Mar 08, 2013 12:07 am
Hi Apprentice,
Thanks for all your hard work! I think a solution to the Upper & lower bands would be to use the value of the previous time frame of the DNC bands, not the current band, while using the current price. Therefore, the time frame for valuing if Price breaks the DNC upper or lower bands is always one time frame behind the current price. That way Price could “break” the bands. I hope I have explained the concept. I believe this idea will fix the problem of Price never “breaking” the DNC bands. I look forward to your reply.
Re: Highly adaptable Dochian Channel Strategy
davidnwatson · Wed May 21, 2014 1:40 pm
Is it possible to add the following to this strategy..
- Live/End of Turn
- Allow to open a entry in so many pips away from price
- the option to create an entry (#2) on each new candle
David
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Fri May 23, 2014 2:53 am
Your request is added to the development list.
Re: Highly adaptable Dochian Channel Strategy
Harris · Sat Feb 07, 2015 12:44 am
Hi, I have a question for this great strategy. Does it work with RENKO Chats? If not, can it be altered so it does?
Regards
Re: Highly adaptable Dochian Channel Strategy
jaricarr · Wed Jul 20, 2016 4:11 pm
Hi Apprentice,
Please add
End of turn / Live Close on opposite: yes / no
Also, looks like the strategy is ignoring the “close position” parameters. It will only make trades if a “limit” is specified.
thanks JC
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Mon Aug 08, 2016 8:03 am
Major update.
End of turn / Live & Close on opposite: yes / no added.
Re: Highly adaptable Dochian Channel Strategy
albertparis · Fri Dec 16, 2016 3:32 pm
Hello, there is a beug
Error message Extenson alert :
C:/Program Files (x86)/Candleworks/FXTS2/Strategies/Custom/Highly adaptable Dochian Channel Strategy.lua:401: The first parameter must be a number
Flag DNC_V3.lua, install
Thank you for your work
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Fri Dec 16, 2016 7:43 pm
I could not reproduce. You’re probably have wrong DNC_V3.lua indicator version.
Re: Highly adaptable Dochian Channel Strategy
albertparis · Sat Dec 17, 2016 4:00 am
It’s oki thank you very much
Re: Highly adaptable Dochian Channel Strategy
spinemaligna · Wed May 12, 2021 3:09 am
Hi all,
I was excited to find this strategy as it fits perfectly with my trading plan. However on backtesting it seems to produce incorrect signals. What I want it to do is produce a sell signal when candle crosses and closes below the the top sub level line and a buy signal when candle crosses and closes above the bottom sub level line. I think the screen shot explains this and shows what is happening. As an added bonus, if this can get sorted, is it possible to add a filter so that signals are only given if ADX is above a certain level.
On backtesting centre line crosses it seems to be OK it is just the sub level lines that are misbehaving. I have downloaded and used the most up to date version of DNC_v3 Hope this explains my problem.
Ross
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Wed May 12, 2021 5:12 am
Your request is added to the development list. Development reference 470.
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Wed May 12, 2021 10:01 am
Highly_adaptable_Dochian_Channel_with_adx_Strategy.lua
Try this version.
Re: Highly adaptable Dochian Channel Strategy
spinemaligna · Thu May 13, 2021 10:29 am
Fantastic work. Now working correctly and ADX filter giving 70/30 winrate straight out of the box. Starting to optimise now.
Many thanks
Ross
Re: Highly adaptable Dochian Channel Strategy
spinemaligna · Fri May 14, 2021 3:32 am
Bit premature with my accolades unfortunately. As per the two screenshots attached the strategy works as expected on backtest but on live chart it is working the wrong way round. The filter appears to work OK. Can it be fixed so that the strategy works on live charts as it does on backtest. Hope this can be fixed as it looks highly promising.
Ross
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Fri May 14, 2021 4:35 am
What is your chart time frame?
Re: Highly adaptable Dochian Channel Strategy
spinemaligna · Fri May 14, 2021 4:47 am
Tested on 5 min just to get a signal. Not triggered on one hour yet. Backtest worked on all timeframes I tried.
Ross
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Mon May 17, 2021 8:45 am
I don’t see anything wrong on the screenshot. It’s hard to tell, but black line isn’t the one you have selected as a trigger
Re: Highly adaptable Dochian Channel Strategy
spinemaligna · Tue May 18, 2021 4:28 pm
So in top screen shot which is backtest, top sub level line cross from above is sell on close of candle. This works correctly. In bottom screen shot which is actual trading screen it is opening buy position on close of candle above top sub level line. This is incorrect. Buy position should occur on close of candle crossing bottom sub level line from below. So if price crosses and closes below top sub level line a sell signal should be given and if price crosses and closes above bottom sub level line a buy signal should be given. I don’t understand why it works perfectly on backtest but is completely wrong on trading chart. Can this please be sorted.
Ross
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Fri May 21, 2021 8:51 am
Your request is added to the development list. Development reference 503.
Re: Highly adaptable Dochian Channel Strategy
Apprentice · Wed May 26, 2021 12:25 pm
If it works in backtest then the code is OK.
It’s a matter of how it executes the trades. It opens a market order. And a market order open price could be away from the current price (bid/ask + slippage).